Iran reopens Strait of Hormuz

The nearly seven-week de facto blockade of the Strait of Hormuz has ended as Iran signals flexibility during a ten-day truce in Lebanon.

Despite the reopening, global energy markets remain volatile as shipping firms seek assurances regarding sea mines and new Iranian transit fees.

President Trump claims a comprehensive peace deal is imminent, though Iranian officials have publicly disputed several of his assertions regarding the transfer of enriched uranium.

European leaders are currently meeting in Paris to discuss a multinational mission to permanently secure the trade route.